United States · United States Congress · 24 January 1989
American Footwear Industry Self-Help Act of 1989 - Directs the Secretary of Commerce to estimate and publish annually the number of pairs of nonrubber footwear purchased in the United States (domestic consumption). Limits the percentage of nonrubber footwear that may be imported for such estimated domestic consumption during certain 12-month periods over five years. Directs the Secretary to allocate such import limitations among foreign countries, taking into consideration: (1) average levels of imports for the period 1978 through 1982; (2) findings of unfair trade practices with respect to nonrubber footwear products; (3) recent market trends; and (4) such other considerations as appropriate.
United States · United States Congress · 24 January 1989
Quality Child Care Demonstration Act of 1989 - Authorizes the Secretary of Health and Human Services to make grants to not more than 25 eligible public agencies and private entities, in urban and rural areas, to administer child development models to increase the quality and availability of child care services. Defines "child development model," with respect to child care services, as an entity capable of providing training and on-going assistance to satellites that provide child care services to sick children or exceptional children, and which is either: (1) a child care development center providing services at a single site (or at multiple sites in reasonably close proximity) to infants, toddlers, preschool children, and school-age children; or (2) a high quality child care program capable of recruiting, training, supporting, and monitoring family child care providers. Directs the Secretary to report by April 1, 1993, to the Congress on such program. Authorizes appropriations for FY 1991 and 1992.
United States · United States Congress · 24 January 1989
Amends the Internal Revenue Code to place additional limitations on the deductibility by a C corporation of interest on corporate stock acquisition indebtedness, denying a deduction for such interest in excess of $5,000,000 incurred in connection with any acquisition of stock pursuant to the acquiring corporation's plan to acquire 50 percent or more (by vote or value) of the stock in a corporation.
United States · United States Congress · 20 January 1989
Amends the Federal criminal code to make it a criminal offense to disclose for financial profit any classified secret information to any foreign government (with the intention or belief that such information will be used to injure the United States or be used to the advantage of the foreign country). Authorizes the death penalty if such disclosure severely jeopardizes the national security of the United States. Requires a separate sentencing hearing before a jury or (upon motion of the defendant) the judge. Sets forth mitigating factors which preclude the death sentence.
United States · United States Congress · 20 January 1989
Beverage Container Reuse and Recycling Act - Prohibits the sale of beer, mineral water, soda water, or carbonated soft drinks in beverage containers by retailers and distributors unless such containers carry a refund value of not less than five cents. Requires that retailers and distributors pay the refund on returned containers of brands sold by such retailers or distributors. Prohibits distributors and retailers from selling beverages in metal beverage containers with detachable openings. Preempts inconsistent State or local laws. Prohibits State and local governments from imposing any tax on the collection or return of refund values. Imposes penalties of up to $1,000 for violations.
United States · United States Congress · 20 January 1989
Anti-Live Animal Lure Act of 1989 - Amends the Animal Welfare Act to prohibit the sponsoring, exhibiting, or transporting to sponsor or exhibit of an animal or dog in any coursing venture. Defines "coursing" as an activity involving the pursuit by dogs of another animal as a visual lure for training, entertainment, sport, or wagering. Excludes from such definition an activity in which such animal has an opportunity to escape.
United States · United States Congress · 20 January 1989
Repeals a provision of the Internal Revenue Code that disallows the income tax deduction of 25 percent of the health insurance costs of self-employed individuals after tax year 1989 (thus extending the deduction indefinitely).
United States · United States Congress · 20 January 1989
Amends the Internal Revenue Code to allow an individual taxpayer a refundable income tax credit, in an amount based on adjusted gross income (minimum credit of $150), for each dependent below the age of compulsory school attendance in the State where the taxpayer resides. Sets the maximum credit amount as the total employee tax withheld from the taxpayer's wages during the year under the Federal Insurance Contributions Act. Disallows application of the nonrefundable dependent care income tax credit with respect to a taxpayer's dependents under age 13, unless the child is physically or mentally incapable of self-care.
United States · United States Congress · 20 January 1989
Expresses the sense of the Congress that the Secretary of Labor, in cooperation with the ACTION Agency, should publicize and promote projects under the Retired Senior Volunteer Program and the Older American Community Service Employment Program that encourage and recruit older individuals to provide child care services in community-based child care centers.
United States · United States Congress · 19 January 1989
United States Coast Guard Bicentennial Medal Act - Directs the Secretary of the Treasury to design, strike, and sell a medal in commemoration of the bicentennial of the U.S. Coast Guard in 1990. Requires the design of the medal to be selected by the Secretary of the Treasury after consultation with the Secretary of Transportation and the Commission of Fine Arts.
United States · United States Congress · 19 January 1989
National Commemorative Events Advisory Act - Establishes the President's Advisory Commission on National Commemorative Events to: (1) establish criteria for recommending to the President that a proposed commemorative event be approved or disapproved; (2) review proposals for national commemorative events submitted in accordance with procedures published by the Commission; and (3) issue recommendations to the President concerning each proposal reviewed.
United States · United States Congress · 19 January 1989
Amends the Tax Reform Act of 1986 and the Technical and Miscellaneous Revenue Act of 1988 to delay until 1990 the effective date of the new nondiscrimination requirements (Internal Revenue Code section 89) for coverage and benefits under certain statutory employee benefit plans.
United States · United States Congress · 19 January 1989
Amends Federal law to require the reverse side of the first coin redesigned to commemorate the bicentennial of the U.S. Constitution for a two-year period. Provides that the design on the obverse side of U.S. coins shall contain the likenesses of those displayed on current coins and shall be considered for redesign. Requires any such obverse redesigns to conform to the inscription requirements of current law. Requires U.S. coins to be redesigned, at the discretion of the Secretary of the Treasury, over the next six years. Requires the Secretary, in selecting new designs, to consider specified constitutional concepts. Requires the designs to be selected by the Secretary upon consultation with the United States Commission of Fine Arts. Requires that any profits from the sale of uncirculated and proof sets of U.S. coins be deposited in the Treasury and used solely to reduce the national debt.
United States · United States Congress · 19 January 1989
Directs the American Battle Monuments Commission to establish a memorial and museum on Federal land in the District of Columbia or its immediate area to honor World War II veterans and to commemorate U.S. participation in that conflict. Directs the Commission to plan, design, construct, and oversee the operation of the memorial and museum. Specifies that such design shall provide for accessibility by, and accommodations for, the physically handicapped. Establishes the World War II Memorial and Museum Advisory Board to: (1) promote the establishment of the memorial and museum and encourage the donation of private funds for construction maintenance; (2) recommend the site and select the design for the memorial and museum, subject to the approval of the Commission; and (3) transmit annual reports on its activities to the Congress. Authorizes the Commission to solicit private contributions for such memorial and museum. Establishes a fund in the Treasury which shall be made available to the Commission to carry out this Act. Authorizes Federal funding, in addition to such private funds, for site preparation, design, planning, establishment, construction, maintenance, and operation of the memorial and museum. Authorizes assistance from specified Federal departments and agencies, including the Library of Congress. Authorizes Federal property to be transferred to the Commission. Authorizes the Commission to purchase suitable property within the District of Columbia for the establishment of such memorial and museum.
United States · United States Congress · 19 January 1989
Interstate Compact - Grants congressional consent to the Mississippi River Interstate Pollution Phase-Out Compact and to certain supplementary agreements entered into pursuant to such Compact. Identifies the following as signatory States: Louisiana, Mississippi, Arkansas, Tennessee, Missouri, Kentucky, Illinois, Iowa, Wisconsin, and Minnesota. Designates the Chief of Engineers of the Department of the Army as the U.S. Commissioner to the Mississippi River Interstate Pollution Control Commission.
United States · United States Congress · 19 January 1989
Black Lung Benefits Check Delivery Assurance Act of 1989 - Amends the Federal Mine Safety and Health Act of 1977 to provide that if the regularly scheduled delivery date for black lung benefit checks falls on a weekend or a legal public holiday, then such checks shall be mailed for delivery on the first day preceding the weekend or holiday, even if the delivery would be made before the end of the month for which such checks are issued. Provides that if as a consequence of such modified delivery date the payment is more than the correct authorized amount, no action shall be taken to recover the incorrect portion.
United States · United States Congress · 19 January 1989
Civil Service and Federal Employee Retirement Check Delivery Assurance Act of 1989 - Provides that if the usual delivery date for civil service retirement checks falls on a Saturday, Sunday, or legal public holiday, then such checks shall be mailed a day earlier than usual.
United States · United States Congress · 19 January 1989
Requires the early mailing of benefit checks for military retired and retainer pay, Retired Serviceman's Family Protection Plan annuities, and military Survivor Benefit Plan annuities if the day regularly designated for the delivery of such checks falls on a Saturday, Sunday, or legal holiday.
United States · United States Congress · 19 January 1989
Air Travel Rights for Blind Individuals Act - Amends the Federal Aviation Act of 1958 to preclude an air carrier from establishing aircraft seating restrictions based upon a passenger's visual acuity or use of a white cane or dog guide or other such means of assistance.
United States · United States Congress · 19 January 1989
Directs the Federal Trade Commission (FTC) to study deceptive mail practices in conjunction with the sale of products or services related to governmental functions, and the severity of consumer injury from such practices. Requires such study to include an examination of solicitations by non-governmental entities for the purchase of products or services which: (1) are provided either free of charge or at a lower price by the Federal Government; or (2) bear a seal, insignia, trade or brand name, or other term or symbol implying the connection, approval, or endorsement of the Federal Government. Directs the FTC to report on such study to the Congress within 18 months. Directs the FTC to: (1) initiate a trade regulation rule proceeding respecting the deceptive mail practices studied, promptly after completion of the study, if it finds that such a rulemaking is warranted; or (2) include in the report its reasons for determining that such a rulemaking is not warranted.
United States · United States Congress · 19 January 1989
Catastrophic Coverage Election Act of 1989 - Amends title XVIII (Medicare) of the Social Security Act and the Internal Revenue Code to permit individuals to elect not to receive benefits to which such individuals are entitled as a result of the enactment of the Medicare Catastrophic Coverage Act of 1988 and not to pay premiums imposed pursuant to such Act. Requires that beneficiaries be notified of such option.
United States · United States Congress · 19 January 1989
Information Dissemination and Research Accountability Act - Establishes in the National Library of Medicine a National Center for Research Accountability to assist in eliminating duplication of effort in Federal research proposals involving live animals. Prohibits Federal agencies from carrying out or funding any research proposal involving live animals unless the proposal is submitted to the Center following agency approval. Prohibits Federal funding of any proposal the Center determines would duplicate other research completed or in process. Authorizes the Center to contract with private entities to assist in conducting comprehensive full-text literature searches. Directs the Center to report annually to the President and the Congress. Provides for modernization of biomedical information storage and dissemination by the National Library of Medicine. Authorizes the Library to award contracts to the private-sector data recording industry to improve: (1) the development of technologies for storage and dissemination of full-text biomedical information; and (2) dissemination of such information to medical libraries for research use. Requires the Library to report annually to the Congress on its progress. Authorizes appropriations for FY 1986 and thereafter.
United States · United States Congress · 19 January 1989
Railroad Retirement Benefits Check Delivery Assurance Act of 1989 - Amends the Railroad Retirement Act of 1974 to provide that if the regularly scheduled delivery date for certain railroad benefits checks falls on a weekend or a legal public holiday, then such checks shall be mailed for delivery on the first day preceding the weekend or holiday, even if the delivery would be made before the end of the month for which such checks are issued. Provides that if, as a consequence of such modified delivery date, the payment is more than the correct authorized amount, no action shall be taken to recover the incorrect portion.
United States · United States Congress · 19 January 1989
Fair Food Labeling and Advertising Act - Title I: Labeling Requirements - Amends the Federal Food, Drug, and Cosmetic Act to establish labeling requirements for foods which are labeled "lite" or "light" and for foods which make similar comparative claims to describe reduced fat, sodium, or calorie content. Exempts certain small enterprises from such requirements. Directs the Secretary of Health and Human Services to promulgate regulations to implement the requirements of this Act and to define the term "low fat" within nine months of the date of enactment of this Act. Amends the Federal Meat Inspection Act and the Poultry Products Inspection Act to establish similar labeling requirements for prepared meat products and poultry, with the same exemption for small enterprises. Amends the Federal Alcohol Administration Act to establish labeling requirements for claims of "lite" or "light" or claims related to calorie content for malt beverages, wine, and other distilled spirits. Title II: Advertising Requirements - Amends the Federal Trade Commission Act to provide that advertising of any of the aforementioned products which does not comply with such labeling requirements shall be considered false advertising.
United States · United States Congress · 19 January 1989
Amends the Internal Revenue Code to allow an individual an income tax deduction for qualified home health care, adult day care, and respite care expenses with respect to a dependent who: (1) resides with the taxpayer; (2) suffers from Alzheimer's disease or a related organic brain disorder; and (3) is physically or mentally incapable of self-care.
United States · United States Congress · 19 January 1989
Repeals a provision of the Internal Revenue Code that requires a taxpayer to include a tax identification number for each dependent of age two or older claimed on an income tax return.
United States · United States Congress · 19 January 1989
Constitutional Amendment - Proclaims the English language to be the official language of the United States. Prohibits the United States or any State from requiring the use of any other language. States that this article shall not prohibit any law, program, or policy to: (1) provide educational instruction in a language other than English for the purpose of making students proficient in English; (2) teach a foreign language to students who are already proficient in English; (3) protect public health and safety; or (4) allow translators for litigants, defendants, or witnesses. Authorizes the Congress and the States to enforce this article by appropriate legislation.
United States · United States Congress · 19 January 1989
Establishes the House of Representatives Classified Information Security Office to assure protection of classified information in the custody of Members, officers, and employees of the House.
United States · United States Congress · 19 January 1989
Condemns the Soviet occupation of Afghanistan. Holds the Soviet-backed Afghan regime responsible for continuing human rights abuses. Calls for: (1) a halt to the placement of lethal weapons in the Afghan countryside; (2) the withdrawal of all Soviet forces from Afghanistan by February 15, 1989; (3) restoration of a freely chosen Afghan Government; (4) close scrutiny by the international community of human rights abuses in Afghanistan; and (5) continued support of the Afghan people through the provision of material if Soviet forces are not withdrawn.
United States · United States Congress · 19 January 1989
Expresses the sense of the House of Representatives that the Federal excise taxes on gasoline and diesel fuel should not be increased as a means of reducing the Federal deficit.
United States · United States Congress · 4 January 1989
Trauma Care Systems Planning and Development Act of 1989 - Amends the Public Health Service Act to create a new title on trauma care. Authorizes the Secretary of Health and Human Services to make grants and enter into cooperative agreements and contracts with respect to trauma care to: (1) conduct and support research, training, evaluations, and demonstration projects; (2) foster development of trauma care systems; (3) collect and disseminate information; (4) provide technical assistance to State and local agencies; and (5) sponsor workshops and conferences. Directs the Secretary to establish the Advisory Council on Trauma Care Systems. Declares that, notwithstanding provisions of the Federal Advisory Committee Act, the Council shall continue in existence until otherwise provided by law. Directs the Secretary to make an allotment for each State for each fiscal year for developing, implementing, and monitoring the modifications to the trauma-care component of the State plan for the provision of emergency medical services. Requires non-Federal matching contributions (in cash or in kind) in specified ratios for fiscal years after FY 1990. States that such component of the State plan will be modified with regard to: (1) trauma care regions, centers, and systems; (2) triage and transport of children; (3) accreditation and evaluation; (4) data reporting and analysis systems; (5) procedures for paramedical personnel to assess the severity of injuries; (6) transportation and transfer policies; (7) public education; (8) coordination and cooperation; and (9) other matters. Requires States to adopt guidelines for the designation of trauma centers, and for triage, transfer, and transportation policies, equivalent to the applicable guidelines developed by the American College of Surgeons and by the American College of Emergency Physicians. Authorizes the Secretary, after public notice and an opportunity for comment, to waive the requirement of adoption of such guidelines. Mandates that States: (1) require each trauma center to provide certain information to the State emergency medical system annually; (2) submit to the Secretary, at least annually, the information it receives from its data reporting and analysis system; and (3) identify and submit to the Secretary a list of rural areas lacking certain emergency medical services. Sets forth restrictions on the use of State allotments. Requires an annual report from each State to the Secretary. Sets forth a formula for determination of the amount of allotments. Provides for: (1) repayment and offset for failure to use funds as agreed; (2) criminal penalties for certain false statements; (3) technical assistance and provision of supplies and services by the Secretary in lieu of grant funds; and (4) a report by the Secretary to the Congress. Authorizes appropriations for FY 1990 through 1992. Directs the Secretary, acting through the Director of the Centers for Disease Control, to develop guidelines and a model curriculum for emergency response employees (EREs) with respect to the prevention of exposure to infectious diseases during the process of responding to emergencies. Directs the Secretary to establish a task force to assist in developing the guidelines and model curriculum, appointing to the task force representatives of the Centers for Disease Control, State governments, and EREs. Requires a medical facility to notify the designated officer of the transporting EREs if the facility determines that a victim the EREs transported to the facility has an infectious disease. Requires a medical facility, upon request of a designated officer of EREs, to notify the designated officer if the facility makes a determination that a victim transported by EREs has an infectious disease. Applies notification requirements to both the facility receiving the victim and, if the victim dies, to the facility ascertaining the cause of death. Sets forth notification procedures. States that the public health officer of each State will designate one official of each employer of EREs to make requests and receive notifications. Provides for notification of EREs and for requests from an ERE to a designated officer that the designated officer request notification from the medical facility. Declares that the provisions in this Act regarding notification of EREs will not be construed to authorize or require: (1) a medical facility to test a victim of an emergency for any infectious disease; and (2) any medical facility, any designated officer, or any ERE to make disclosures with respect to the identity of a victim if such disclosures are prohibited under State or Federal law. Mandates that States agree to establish enforcement provisions, including injunctive relief and a civil cause of action for damages, for violations of the notification provisions in this Act. Directs the Secretary of Health and Human Services to conduct a study to determine the adequacy and appropriateness of the reimbursements provided to trauma centers under title XIX (Medicaid) of the Social Security Act. Requires the Federal Communications Commission to complete a study, establish a plan, and report to the Congress regarding emergency medical services communications.
United States · United States Congress · 4 January 1989
Brady Handgun Violence Prevention Act - Makes it unlawful for any licensed importer, manufacturer, or dealer to sell, deliver, or transfer a handgun to an unlicensed individual unless: (1) the transferor has notified the chief law enforcement officer for the individual's place of residence about the proposed transfer and either has received a response indicating that such transfer is not prohibited by law or has not received a response indicating otherwise within seven days; (2) the individual has presented to the transferor a statement from the officer indicating that the individual requires a handgun because of a threat to him or his family; or (3) the individual has a State handgun permit that is less than a year old which satisfies the same requirements. Requires any transferor who subsequently receives a report from such officer that receipt or possession of the handgun by the individual violates the law to: (1) furnish information about the transfer and the individual to the chief law enforcement officer of the transferor's place of business and the individual's place of residence; and (2) keep confidential any information received which is not otherwise available to the public, with exceptions. Requires a transferor to retain a copy of the individual's sworn statement for at least a year. Requires the law enforcement officer to destroy any copy of the individual's sworn statement and any record containing information derived from such statement within 30 days, unless such officer determines that the transaction would violate Federal, State, or local law. Provides that this Act shall not apply in any State that requires: (1) a seven-day waiting period for the transfer of a handgun to an unlicensed individual; or (2) a State law enforcement officer to verify an unlicensed individual's eligibility to receive a handgun. Sets penalties for violations of this Act.
United States · United States Congress · 4 January 1989
Recyclable Materials Science and Technology Development Act of 1989 - Directs the Secretary of Commerce to study and report to the Congress concerning: (1) means to increase the use of degradable materials in manufactured goods; (2) technologies for recycling nondurable consumer products; and (3) ways to expand the marketing of recycled products. Directs the Secretary of Health and Human Services to study and report to the Congress on the feasibility of recycling nondegradable medical supplies and of substituting degradable for nondegradable materials in medical equipment and supplies. Directs the Secretary of Defense to study and report to the Congress on the national defense and security implications of requiring the use of degradable materials in defense items. Instructs the Secretary of Agriculture to initiate a pilot project to develop and demonstrate viable technology for composting municipal waste and sewage sludge. Requires the Secretary to report project results to the Congress. Directs the Secretary of Commerce to appoint a Director of Recycling Research and Information to make grants to support research into innovative recycling technology. Authorizes appropriations for such purposes for FY 1990. Prohibits, effective five years after this Act's enactment, the production, manufacture, distribution, sale, or delivery of nonrecycled consumer goods, fast food in nondegradable containers, and packaging for specified purposes that contains any material that is not naturally degradable. Establishes both civil and criminal penalties for violations. Directs the Administrator of the Environmental Protection Agency and the Secretary of Commerce jointly to issue regulations to govern the designation of goods and materials for noncompliance purposes. Directs the Secretary to publish and periodically update lists of items and materials affected by the prohibition on activities involving nonrecyclable items.
United States · United States Congress · 4 January 1989
Amends the Merchant Marine Act, 1936 to include within the quota that must be transported on privately owned United States-flag commercial vessels the components and ingredients of federally-produced or financed material. Amends Federal law relating to sea transportation of military supplies to provide that the components and ingredients of such supplies may be transported only on U.S. vessels.
United States · United States Congress · 4 January 1989
Narcotics Smuggling Reduction Act of 1986 - Directs the Attorney General and the Secretary of State to report annually to the Congress on the total of all illegal narcotics smuggled into the United States during the previous fiscal year. Prohibits U.S. aid to a country if the total amount of illegal narcotics smuggled into the United States from such country does not decrease by ten percent annually. Authorizes restoration of aid to such country if the Secretary of State certifies that such nation is the source, in the year before certification, of no greater percentage of smuggled narcotics than any nation which has not been affected by this Act.
United States · United States Congress · 4 January 1989
Korean Veterans National Medal Act - Requires the Secretary of the Treasury to design, coin, and sell a medal in honor of the members of the armed forces of the United States who served in the Korean conflict. Requires the Secretary to offer such medals for public sale at a price sufficient to cover their cost.
United States · United States Congress · 4 January 1989
Amends the Shipping Act of 1984 to revise provisions relating to: (1) independent actions on certain matters by members of a conference agreement; and (2) limitations by conferences or by two or more common carriers in the export foreign commerce of the United States on compensation to an ocean freight forwarder.
United States · United States Congress · 4 January 1989
Merchant Mariner Memorial Act of 1988 - Authorizes the Secretary of Transportation to convey the right, title, and interest of the United States in vessels in the National Defense Reserve Fleet to nonprofit organizations for use in funding merchant marine memorials, provided the vessels have no usefulness to the Government and are scheduled to be scrapped and the organizations agree to sell the vessels for scrap, divide the proceeds, and use them for the memorial. Requires organizations to have raised a minimum amount from non-Federal sources before enactment of this Act in order to participate in the sale. Limits an organization to one grant under this Act. Terminates this Act two years after enactment.
United States · United States Congress · 4 January 1989
Cargo Preference Amendments of 1987 - Requires the Comptroller General of the United States, within 60 days after the enactment of this Act and every six months thereafter, to: (1) review every Federal program involving the ocean transportation of any item; (2) identify each program which is subject to U.S. cargo preference laws; and (3) notify each Federal department or agency of its responsibilities under such laws. Requires the officer or employee in charge of every department or agency having responsibility under the cargo preference laws, within 30 days after the end of each month, to submit to the Comptroller General a report containing specified information relating to compliance or noncompliance with such cargo preference laws. Authorizes the Comptroller General to take specified action after a determination of noncompliance. Directs the Comptroller General, within 30 days after the end of each fiscal year, to report to the Congress concerning compliance with cargo preference laws during the previous fiscal year. Subjects to appropriate administrative discipline: (1) any officer or employee of the Government who violates any cargo preference laws; or (2) the head of any department or agency who fails to achieve compliance with this Act and any cargo preference laws.
United States · United States Congress · 4 January 1989
Prohibits payments under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act unless the recipient is either: (1) a permanent U.S. resident who actually resides in the United States for at least six months in any one calendar year; or (2) a U.S. citizen at the time benefits become payable.
United States · United States Congress · 4 January 1989
Amends the Internal Revenue Code to require indexing, based on the gross national product deflator, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset of property used in a trade or business) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss. Reduces from 34 percent to 15 percent the alternative tax rate on capital gains realized by a corporation.
United States · United States Congress · 4 January 1989
Amends the Internal Revenue Code to require indexing, based on the gross national product deflator, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset of property used in a trade or business) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss.
![Official portrait of Rep. Bentley, Helen Delich [R-MD-2]](https://www.congress.gov/img/member/b000392_200.jpg)